Serko Limited had the power to control the disposition of 42,012,181 Shares (the Embargoed Shares) pursuant to a deed of embargo dated 20 May 2014 with various shareholders (the Embargoed Shareholders) (the Deed of Embargo) under which the

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Embargoed Shareholders agreed and undertook not to sell or otherwise dispose of their respective Embargoed Shares until the date falling two business days after Serko makes a preliminary announcement for the financial year ending 31 March 2016 or 31 March 2015, as the case may be (depending on the identity of the relevant Embargoed Shareholder) (the Embargo Period). Serko made its preliminary earnings announcement for the financial year ended 31 March 2015 on 22 May 2015. Two business days following that announcement the Embargo Period ended in respect of 6,101,894 previously Embargoed Shares. Accordingly, Serko Limited ceased to have the power to control the disposition of 6,101,894 of the Embargoed Shares.

Details after relevant event

Details for Serko Limited

Nature of relevant interest(s): Serko Limited continues to have the power to control the disposition of 35,910,287 Shares (the Embargoed Shares) pursuant to a deed of embargo dated 20 May 2014 with various shareholders (the Embargoed Shareholders) (the Deed of Embargo) under which the Embargoed Shareholders agree and undertake not to sell or otherwise dispose of their respective Embargoed Shares until the date falling two business days after Serko makes a preliminary announcement for the financial year ending 31 March 2016 (the Embargo Period). These restrictions do not apply if a partial or full offer is made under the Takeovers Code for Shares during the Embargo Period. Each Embargoed Shareholder is also permitted to create, or agree to create, a security interest over or in respect of its Embargoed Shares in favour of a registered bank or other similar recognized lending institution.

A copy of the Deed of Embargo was attached to the last disclosure made on 24 June 2014. For that relevant interest,—

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: On 24 June 2014 - Darrin Grafton as to 13,907,604 Embargoed Shares, Robert Shaw and Sarah Shaw as to 12,370,010 Embargoed Shares and Geoffrey Hosking as to 27,982,656 Embargoed Shares.

Certification

I, Sarah Miller, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.